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Sri Lanka to finance modern buses, overhaul routes

Sri Lanka will be financing better buses for the public and private sector service providers under the 2019 budget, and ...

March 7, 2019 2 min read

Sri Lanka vehicle registrations recover in January

ECONOMYNEXT - Sri Lanka's vehicles registrations recovered in January 2019 from a steep slump in December 2018, but were...

February 25, 2019 1 min read

Sri Lanka to review bus licensing system on expressways

Sri Lanka has appointed a committee to review route licenses for buses operated on expressways, the state information of...

February 17, 2019 1 min read

India funds for Sri Lanka railways climb to US$1.3bn

Sri Lanka is beginning to commission diesel multiple units supplied under a 100 million dollar credit line from India, w...

January 28, 2019 1 min read
Sri Lanka lifts government fees on long-distance buses during Covid-19 crisis

ri Lanka will lift a series of fees charged from inter-provincial private bus operators from March to December 2020 to r...

Sri Lanka cabinet cancels Japan funded light rail project

Sri Lanka's cabinet of ministers had approved the cancellation of a light rail project funded by Japan to ease traffic c...

Sri Lanka transport reforms seen delayed by politics

ECONOMYNEXT – A Sri Lankan transport expert has called for a change in the country’s policy on vehicle imp...

December 6, 2015 3 min read

Sri Lanka car dealers hold prices to reduce inventory

ECONOMYNEXT - Sri Lanka's car dealers offered pre-budget prices Sunday despite finance minister sharply raising taxes ac...

November 29, 2015 2 min read

Sri Lanka to electrify three-wheeler taxis

ECONOMYNEXT - Sri Lanka's Finance Minister Ravi Karunanayake plans to electrify the ubiquitous three-wheel taxis operati...

November 22, 2015 2 min read

Uber ride-sharing comes to Sri Lanka

ECONOMYNEXT - Uber, a ride-sharing company that allows car owners and drivers to take passengers for a fee has been laun...

October 22, 2015 2 min read

Sri Lanka to get US$200mn from ADB for rural roads

ECONOMYNEXT – Sri Lanka is to get two more low-cost long term loans amounting to 200 million US dollars from the ...

October 22, 2015 2 min read

Sri Lanka to call for monorail proposals this month

ECONOMYNEXT – Sri Lanka’s new government will make a request for proposals to build a monorail or mass rap...

October 19, 2015 1 min read

Sri Lanka road repair bids seen high, discounts low

ECONOMYNEXT – The lowest bids by construction firms to improve rural roads in central Sri Lanka were up to 70 per...

October 17, 2015 2 min read

China's MCC rejects slashed price of Sri Lanka highway contract

ECONOMYNEXT – Sri Lanka’s government said it would only achieve less than half the anticipated cost reduct...

October 15, 2015 2 min read

Sri Lanka car registrations surge to all time high as controls come in

ECONOMYNEXT - Sri Lanka's vehicle registrations hit an all-time high of 63,687 in September 2015 with cars surging to 14...

October 11, 2015 3 min read

Be wary of ‘supplier-driven’ solutions, Sri Lanka transport expert says

ECONOMYNEXT – Sri Lanka needs to be wary of ‘supplier-driven’ solutions for its urban mobility probl...

Rohan Gunasekera
October 2, 2015 2 min read
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Latest Last
US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
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today yesterday
Overnight Money 7.70 7.69
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Source: Central Bank/Indicative

Sri Lanka credit squeeze slows car sales, hits prices

ECONOMYNEXT - Sri Lankan car prices which spiked with the sharp depreciation of the local currency has seen weak demand ...

September 27, 2015 2 min read

Sri Lanka may target old people, poorer car owners in Japan-backed controls: report

ECONOMYNEXT - Sri Lanka may bring tough regulations on old cars which are owned by the less affluent and old couples who...

September 27, 2015 5 min read

Volkswagen shares plunge on emissions scandal, U.S. widens probe

BERLIN/WASHINGTON, Sept 21 (Reuters) - Volkswagen shares plunged more than 20 percent on Monday, their biggest one-day f...

September 21, 2015 5 min read

Sri Lanka and India talks on Hanuman Bridge: report

ECONOMYNEXT - A newly revived plan to build a bridge between India and Sri Lanka has been discussed during a visit by Pr...

September 16, 2015 1 min read

New expressway bypassing Sri Lankan capital to ease traffic jams

ECONOMYNEXT – The second section of an expressway bypassing the Sri Lankan capital Colombo will be opened this we...

September 15, 2015 3 min read

Sri Lanka's new vehicle registrations up 31-pct in August; slows from July: data

ECONOMYNEXT - Sri Lanka's vehicle registrations fell to 50,555 in August 2015, from 62,221 in July 2014, but were still ...

September 14, 2015 2 min read

Sri Lankan firms told of cost savings from sustainable logistics

ECONOMYNEXT – Sri Lankan companies that adopt sustainability initiatives in transport and logistics can not only ...

Rohan Gunasekera
September 11, 2015 2 min read

Sri Lanka car importers say they would back better public transport

ECONOMYNEXT – Sri Lankan vehicle importers say they would be supportive of government efforts to improve public b...

August 31, 2015 2 min read

Sri Lanka three wheeler population tops one million

ECONOMYNEXT - Sri Lanka's three wheeler population has topped one million in July 2015, the latest data shows with surge...

August 31, 2015 3 min read

Used hybrid cars gain market share in Sri Lanka

ECONOMYNEXT – Sri Lankan importers of new vehicles have been losing market share to hybrids after the government ...

August 30, 2015 2 min read